David Marcus Launches Bitcoin Payments Startup Lightspark

David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta's former employees and will explore the possibilities of using the layer 2 Lightning Network (LN) as a

Timeline of Bitcoin

FTX's founder has taken a swipe at Bitcoin (BTC) over its inefficiency in settling transactions and has thrown his weight behind the proof-of-stake (PoS) consensus mechanism. The post FTX Founder Downplays Bitcoin's Chances as an Efficient Payments Network appeared first on BeInCrypto.

Bitcoin has closed its weekly candle down, thus making this the 7th week in a row that it has printed a weekly red candle. The post Bitcoin closes 7th red weekly candle for first time ever appeared first on CryptoSlate.

The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST's dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated, LFG said.

El-Salvador being the first country to Bitcoin adoption has now conducted a meeting to discuss financial inclusion and benefits of Bitcoin adoption in the countries. The Bitcoin adoption has followed a sequence one after the other, as the first country El-Salvador adopted Bitcoin to its family as legal tender after 12 years of Bitcoin's introduction. …

Sam Bankman-Fried, CEO and founder of major crypto exchange FTX, and investor in Solana (SOL), was accused of misleading the public as he omitted important facts while bashing Bitcoin (BTC). The CEO claims that his quotes were chosen "very selectively" by a mainstream media outlet, known for skepticism towards Bitcoin and crypto.

The Luna Foundation Guard (LFG), official stewards of Terra's bitcoin reserves, released a statement on Monday documenting how they dispersed millions of dollars worth of crypto in their failed attempt to maintain the peg of stablecoin terraUSD (UST).

El Salvador president Nayib Bukele has announced that 32 central banks and 12 financial authorities will convene in the country to discuss bitcoin.  The post Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries appeared first on BeInCrypto.

The Terra Foundation after accumulating a huge number of Bitcoins worth billions surprised the entire crypto space as it stood as the second-largest BTC holder after MicroStrategy. However, things got messed up as the TerraUSD(UST) got de-pegged heavily which destabilized the LUNA price too. And as speculated by many LUNA Foundation Guard emptied all their …

El Salvador's president Nayib Bukele announced in September 2021 that the Central American nation would be the first to accept Bitcoins as legal currency. The government spent $105 million on it, after which the government bought more in 2022.

The crypto market correction sent the prices tumbling with Bitcoin (BTC) trading below $27,000 and Ethereum (ETH) dropping below $2,000 last week. However, long-time Bitcoin bull Bill Miller remains unfazed by the steep decline in prices and remains bullish on the cryptos potential.